Strs Ohio Grows Position in Kilroy Realty Corporation $KRC

Strs Ohio increased its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 315,973 shares of the real estate investment trust’s stock after purchasing an additional 23,697 shares during the period. Strs Ohio’s holdings in Kilroy Realty were worth $10,841,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KRC. Cambridge Investment Research Advisors Inc. boosted its position in shares of Kilroy Realty by 23.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,168 shares during the period. Teacher Retirement System of Texas purchased a new position in Kilroy Realty during the 1st quarter valued at $537,000. Penserra Capital Management LLC boosted its holdings in Kilroy Realty by 20.9% during the 1st quarter. Penserra Capital Management LLC now owns 34,451 shares of the real estate investment trust’s stock valued at $1,128,000 after acquiring an additional 5,966 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Kilroy Realty by 48.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,401 shares of the real estate investment trust’s stock valued at $1,422,000 after acquiring an additional 14,171 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Kilroy Realty by 6.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,420 shares of the real estate investment trust’s stock valued at $1,602,000 after acquiring an additional 2,823 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Eliott Trencher sold 3,997 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares of the company’s stock, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Price Performance

Shares of KRC opened at $42.30 on Friday. The company has a 50 day moving average price of $41.93 and a 200-day moving average price of $37.28. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The stock has a market capitalization of $5.00 billion, a PE ratio of 15.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.56.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $279.74 million during the quarter, compared to analysts’ expectations of $271.24 million. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Equities analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.54 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.1%. Kilroy Realty’s dividend payout ratio is currently 79.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Evercore ISI boosted their target price on shares of Kilroy Realty from $42.00 to $46.00 and gave the company an “in-line” rating in a research note on Monday, September 8th. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $45.00 in a research report on Monday, October 13th. Zacks Research raised shares of Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, Barclays reiterated an “equal weight” rating and issued a $43.00 price target on shares of Kilroy Realty in a report on Thursday, September 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $41.17.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.